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Technology Stocks : Plaintree (TSE:LAN,NASDAQ:LANPF)

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To: John R Resseger who wrote (1413)	1/25/1999 10:57:00 PM
From: Charles Skeen	Read Replies (2) of 1606

Re: Shareholder Equity Seems like some of the line items on the balance sheet you posted got lost or slipped onto the wrong line. The way I read it, shareholder equity is a negative $(5.0) million or so. For a complete balance sheet see: go2net.newsalert.com On the Yahoo board there is a posting suggesting that Plaintree might be bought out for $20 - 30 million. If the buyer gets the receivables and inventory, there will be little or nothing left for common shareholders, as they come after $6 million in debt and $16 million in preferred. It all depends on how the deal is structured, I suppose. If the "intangibles" (tax losses and engineering) are worth $20-30 million, and current assets pay off some of the liabilities, there may be a little more left, but under $1 per share, it seems to me. Charlie.

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